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John --
Last week, we asked about how economic
policy affects your personal lives, with the cost of groceries and
everyday items being the biggest financial stressor for
Forwardists.
This week, we continued
our Controlling What You Can series
by diving deeper on the economy. We looked at the larger picture of
national economics, asking you about the choices you think we should
be making as a country when it comes to our economic decision
making.
Here's what you had to say:
Forwardists have some interesting thoughts about our economic
position. This poll—more than any other we've had so
far—has had the most split sentiment reading, with 34% of
you thinking that current economic choices are making us more
competitive. Still, 66% of you disagree with that assessment.
The national debt looms large on Forwardists minds, with our
current Debt to GDP ratio at an alarming 130%. Wage stagnation was a
fairly close second, though. As an example of why that might be top of
mind: in 1985, the median home price was about 4 times the median
income; today, it's nearly
8 times.
Thank you for your suggestions and ideas on how the
government can approach these issues. Here is a summary of what you
said:
Reforming Institutions & Preparing For The Next
Disruptor
- You called for the government to modernize our economic
strategies, looking forward to what's coming next instead of just
looking at pain points for today.
- Many of you cited the rise of Artificial Intelligence and the
possible downturn it could cause in the job market as an area for
which to prepare.
Wage Stagnation & Retirement Security
- Stagnation of wages across the last few decades has made the
American dream just a dream for an ever growing number of people.
- The safety net of Social Security isn't keeping up with the rapid
increase in cost of living—you called for a more
responsive benefits system.
Innovation & Technology Leadership
- There was a strongly expressed desire for the US to continue to be
the center of global innovation and the leader in new technologies.
The less we invest in R&D, the sooner other countries will outpace
us.
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